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Our Auto Financing hire purchase plan offers you a flexible repayment plan, up to 70% financing, and attractive interest rate packages

Auto Financing

Our Auto Financing hire purchase plan offers you a flexible repayment plan, up to 70% financing, and attractive interest rate packages

Auto Financing Features

Staff Banking Privileges

EXCLUSIVELY FOR STAFF

  • Staff preferential interest rate of:
    • 2.38% p.a. for New Car
    • 2.68% p.a. for Used Car
    • Staff Hirer is also eligible for auto-dealer specific promotion rate, should the rate is lower than the Staff preferential rate.
    • Up to 60% financing for cars with OMV of more than $20,000 or 70% financing for cars with OMV of $20,000 or less

FOR RETAIL CLIENTS

  • Retail interest rate of:
    • 2.48% p.a. for New Car
    • 2.78% p.a. for Used Car

Fees and Charges

 Details
Charges
Late payment fee $60 will be charged for each late payment
Late payment interest 12% per annum on the overdue amount on a monthly basis
Early completion fee 20% of outstanding interest + 1% of balance payable
Photocopy of hire purchase agreement or log card $53.50 (including GST)

Please note that fees and charges may be levied for other services provided by us.

Early Completion:

Please visit any of the following locations if you wish to effect early completion of the purchase of the goods or the termination of the hiring of the goods before the expiration of the hire period:

Location
Payment Mode
Operating Hours
Processing Time
Any SCB branch (Find an SCB branch near you) Cashier’s Order, Cheque, Cash or Debiting to repayment account Please refer to the respective SCB branch operating hours Within 3 business days
Standard Chartered @ Changi,
7 Changi Business Park Crescent,
Level 1 (Mailing Room),
Singapore 486028
Cashier’s Order 9am to 2pm (Mon-Fri, excluding weekends and public holidays) Within same day
Full Settlement Quote:
  • If you would like to request for an early full settlement quote, please download the form below and fax to 6223 9158: Early full settlement form (for customers) & Early full settlement form (for car dealers)
  • Requests for early full settlement quotes will be processed during our operating hours (Mon-Fri 9am-5pm, and closed on public holidays), and quotations will be mailed to you within 2 business days.
  • If you have any questions, please call our hotline at 1800 747 7000.

Fee and Rate table

FAQs